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of <h1>RBI Extends FCCB Buyback Deadline to December 31, 2009, for Indian Companies; Original Terms Unchanged.</h1> The Reserve Bank of India (RBI) has extended the deadline for Indian companies to complete the buyback or prepayment of Foreign Currency Convertible Bonds (FCCBs) from March 31, 2009, to December 31, 2009. This extension is communicated to all Category-I Authorized Dealer Banks, with instructions to inform their clients. All other terms and conditions outlined in the previous circular dated December 8, 2008, remain unchanged. The circular is issued under the Foreign Exchange Management Act, 1999, and does not affect any other required permissions or approvals.
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